An International Monetary Fund (IMF) team described the Philippine economy as “performing well,” forecasting continued 6.7 percent real GDP growth and below-4 percent inflation in 2019 while citing the country’s…
The government gave away about P301 billion in revenues in 2015 alone as a result of tax incentives and other perks granted to only 2,844 firms, according to the Department…
Finance Secretary Carlos Dominguez III has underscored the broad impact of a recent Supreme Court ruling which increased the coverage of the Internal Revenue Allotment (IRA) due local government units…
A group of eminent economists has called on the Congress to take “urgent action” in passing into law the Duterte administration’s proposed reforms in the corporate tax system to help…
Fifty-one (51) of 77 government-owned and -controlled corporations (GOCCs) have remitted a total of P31.297 billion to the National Treasury as of the second week of July this year, according…
Secretary Carlos Dominguez III has announced that the Department of Finance (DOF) will pursue appropriate charges against public officials and private individuals who have unduly benefited from the issuance of…
Finance Secretary Carlos Dominguez III has sought the support of the country’s eminent economists behind the Duterte administration’s second tax reform package that aims, he said, to improve the corporate…
Small and medium enterprises (SMEs) received tax breaks amounting to billions of pesos for the first six months of 2018 alone under the Tax Reform for Acceleration and Inclusion (TRAIN)…
The Bureau of Customs (BOC) is now discussing with the Armed Forces of the Philippines (AFP) and the Philippine Coast Guard (PCG) plans to expand its anti-smuggling task force by…
The government is currently working on the funding mix for P52 billion of the five-year P62-billion budget for the rehabilitation and reconstruction of the devastated city of Marawi. Finance Secretary…
